COMHAIRLE CONTAE ÁTHA CLIATH THEAS
SOUTH DUBLIN COUNTY COUNCIL
MEETING OF SOUTH DUBLIN COUNTY COUNCIL
Monday, July 08, 2024
QUESTION NO.43
QUESTION: Councillor N. Whelan
To ask the Chief Executive to give a report on in-situ homes, the report should include average turnaround time of sale, current backlog with processing and if any sales have been pulled due to length of time taken to complete the process.
REPLY:
The Council has received 626 expressions of interest under the Tenant in Situ scheme to date. Where expressions of interest are received from property owners, various standard due diligence checks are undertaken in relation to property condition, valuation, determining the housing need of the household and conveyancing. The current status of our response to the expressions of interest received is as follows;
- 195 properties have been purchased or are sale agreed/at conveyancing.
- 64 properties have completed due diligence checks and are at valuation/negotiation stage with a view to purchasing.
- 132 properties at various stages of due diligence and pre-purchase checks.
- 235 properties are not proceeding to acquisition where offers of alternative accommodation have been made, properties not being suitable, tenants no longer in-situ or other miscellaneous reasons.
Timeframes for close of sale can vary from purchase to purchase. Individual property purchases can be delayed for various reasons such as the owner not having full legal title, various planning issues, outstanding property taxes, general contractual conditions of sale not in place etc. The process is also reliant on timely progress from the vendor’s legal and sales agents. The average turnaround for acquisition is 10 months.
To date, one sale has been recorded as being withdrawn by the vendor due to time taken for acquisition.
The level of activity and resource requirements for tenant in-situ purchases will continue to be reviewed in conjunction with the Department of Housing, Local Government and Heritage in the coming months to ensure that we are able to prevent homelessness where possible.